Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.
Like this page on Facebook for updates
Friday 30 April 2010
It is a few months prior to the collapse of Lehman Brothers, and the City is still flying high. Venetia Thompson, a well-spoken university graduate, finds herself working among the barrow boys of Essex at a brokerage firm on the upper echelon's of Canary Wharf's mirrored towers.
Sunday 18 April 2010
A new bank targeting independent financial advisers is to be launched with the former chief executive of IG Index, Nat Le Roux, earmarked as chairman.
Sunday 11 April 2010
A long time ago in an economy far, far away, a Great Leader with a reputation as an Iron Chancellor had a Golden Rule. It said that the government should balance its books, borrowing prudently when needed and paying it back in the good times. But then, in September 2008, Lehman Brothers went bust. The economy shrank; tax revenues dried up; banks were nationalised. Rather suddenly, government borrowing was forecast to go up from about 2.5 per cent of national income to 12.5 per cent – a level that would be regarded in peacetime as disastrous, as Jon Moulton points out.
Sunday 04 April 2010
Sunday 21 March 2010
Tuesday 16 March 2010
Saturday 13 March 2010
"Rep 105" is not perhaps the phrase that trips most often from ordinary people's tongues. That may well be about to change after yesterday's report by a US court-appointed examiner into the collapse of Lehman Brothers – the world's biggest bankruptcy and the primary cause of the credit crunch that brought the global financial system to a juddering halt in September 2008.
Saturday 13 March 2010
US Outlook: In Enron the Play, the West End smash coming here to Broadway in the spring, "the Lehman Brothers" are depicted as conjoined twins in a single over-size suit jacket.
Sunday 21 February 2010
Numis, the city broker led by Oliver Hemsley, has parted company with it's chief finance and operating officer after just four months.
Thursday 04 February 2010
Employees of AIG's disaster-stricken derivatives business are drawing renewed political fire after reneging on promises to hand back a portion of last year's bonus, and amid news that they are just days away from receiving another $100m (£63m) in "retention payments".
Thursday 24 December 2009
Bob Diamond, the president of Barclays, has pocketed nearly £5m after selling 18 per cent of his shareholding in the bank.
Friday 27 November 2009
In an era where the chairman of a multinational firm holds more power than the leaders of most countries, boards need to revisit who they are working for, and why. We do not have to choose between principles and profits. Nor do they simply co-exist, they are co-dependent. A central challenge is how to reconcile differing needs. A shareholder wants profits. Civil Society may want a carbon neutral society. But when I look around me, at the members of the Council of Christians and Jews, I know that this can be done.
Thursday 19 November 2009
Capita stood out as the largest faller on the FTSE 100 index yesterday after the outsourcing company warned that it may end up bearing costs connected to two suspended Arch funds.
Thursday 12 November 2009
Johnston Press, which owns the Yorkshire Post and The Scotsman, yesterday backed the "greater stability" in its advertising revenues, as the declines slowed over the past 10 weeks.
Wednesday 28 October 2009
Thousands of savers who lost more than £100m in investment plans backed by the failed banking giant Lehman Brothers may be in line for compensation after the City watchdog ordered financial advisers to look at their cases.
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
- 1 Woman accidentally shoots herself in the head while posing for a selfie
- 2 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 4 Female Muay Thai champion hustles coaches to give them a beating
- 5 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala